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SATTWIK KUMAR MARDAN IPO Review

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IPO Reviews by SATTWIK KUMAR MARDAN

IPO Review
Azad Engineering Limited IPO

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The company boasts of several high-profile investors. Sachin Tendulkar, VVS Laxman, and Saina Nehwal are all invested in the company. Interestingly none of them are offloading any shares.
Tendulkar owns 4.38 lakh shares of the company, at an average price of ₹114.10. Laxman and Nehwal both own 43,800 shares each, which were acquired at an average price of ₹228.17. Now, taking the Azad Engineering IPO’s upper price band into consideration, their initial investments have grown multifold.

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December 19, 2023 9:14:15 AM

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